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The US dollar is on the nose again and that spells trouble for the RBA – Sydney Morning Herald

After a brief respite, the US dollar has resumed its fall. While that says something positive about the outlook for the rest of the world it isn’t such good news…

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They are also looking at the US and, despite the unexpected success of the vaccines rollout nearly 150 million Americans have received at least one dose and more than 100 million have been fully vaccinated and a sharper-than-anticipated economic recovery, they dont like what they see.
While the Fed should shoulder much of the responsibility for US dollar weakness (and might be happy to accept it, given it enhances US export competitiveness) it isnt the only factor in dollar depreciation.
The RBA…

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